Impact of Korea-China Free Trade Agreement (FTA) on Domestic Small and Medium Enterprises (SMEs)

• 발행기관: 한국무역연구원
• 저자명: Dae-Jong Kim
• 간행물 정보: 『무역연구』제12권 제5호, 135~147쪽, 전체 13쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2016.10.30

영문 초록

Since the signing of the Korea-China Free Trade Agreement (FTA), China has become the biggest trade partner of Korea. With a transaction volume that is 2.5 times greater than the trade with the US, it is not an exaggeration to say that Korean economy is sustained by China. However, in 2013, only 15% of Korea’s total export is from the small and medium enterprises (SMEs). Approximately 85% of Korea’s total export was made by large and medium corporations. The FTA with China expanded the trade possibilities for large corporations but it made trade more difficult for SMEs. The FTA with China is anticipated to bring an economic growth of 1.7 to 2.1% and add 40.3 billion dollars to Korea’s GDP by the year 2025. Based on the result of the international input-output analysis, the most vulnerable industries of SMEs are electric and electronics, machinery, chemical, steel and metals, construction and transport equipment.

키워드

International Input-Output Analysis Korea-China FTA Small-to-Medium Companies